Are you sure?

Investment fund assets inch up 0.3% in November

Assets in Hungarian investment funds grew a slight 0.3% to HUF 3,750 billion in November from the previous month, the Hungarian Association of Investment Funds and Asset Managers (BAMOSz) said on Wednesday.

Funds attracted HUF 1.3 billion in fresh capital in November and yields added HUF 10.1 billion to assets.

Assets of shares funds rose 1.4% to HUF 395 billion, drawing a slight HUF 350 million in fresh capital and recording yields of HUF 4.9 billion.

Guaranteed funds grew 1.1% to HUF 427 billion on HUF 7.1 billion of new unit sales and yields of HUF 2.6 billion.

Property funds increased 2% to HUF 423 billion. They sold HUF 4.4 billion of new units and had yields of HUF 3.8 billion.

Money market funds inched down 0.1% to HUF 1,387 billion as yields of HUF 11.3 billion were just under withdrawals of HUF 12 billion.

Assets of bond funds declined 3.6% to HUF 299 billion on withdrawals of HUF 4.1 billion and negative yields of HUF 7.2 billion.

Assets in closed-ended securities funds fell 0.1% to HUF 568 billion. Investors bought HUF 1.7 billion of new units, but negative yields came to HUF 2.2 billion. (MTI-Econews)